Pakistan unveils national Bitcoin reserve

Pakistan is moving ahead with plans to establish a national Bitcoin reserve as part of a broader digital asset strategy. Bilal Bin Saqib, head of the Pakistan Crypto Council, announced the move at the Bitcoin 2025 conference in Las Vegas.

He emphasised that the government’s intention is long term and not driven by market speculation. He stated that once acquired, the Bitcoin would never be sold.

The government plans to launch a national Bitcoin wallet and adopt blockchain technologies. The reserve’s size is unclear, but the move follows the US example and shows Pakistan’s growing trust in blockchain.

Officials are also preparing to allocate 2,000 megawatts of surplus electricity for Bitcoin mining and AI data centres. The aim is to boost jobs, modernise the power sector, and attract investment.

In parallel, the country is creating the Pakistan Digital Assets Authority (PDAA) to regulate the crypto sector. The agency will regulate exchanges and token platforms and develop frameworks for DeFi and blockchain-based public finance.

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Google Drive adds AI video summaries

Google Drive is gaining a new AI-powered tool that allows Workspace users to summarise and interact with video content using Gemini, Google’s generative AI assistant.

Instead of manually skipping through videos, users can now click the ‘Ask Gemini’ button to get instant summaries, key highlights, or action items from uploaded recordings.

The tool builds on Gemini 2.5 Pro’s strong video analysis capabilities, which recently scored 84.8% on the VideoMME benchmark. Gemini’s side panel, already used for summarising documents and folders, can now handle natural language prompts like ‘Summarise this video’ or ‘List key points from this meeting’.

However, the feature only works in English and requires captions to be enabled by the Workspace admin.

Google is rolling out the feature across various Workspace plans, including Business Standard and Enterprise tiers, with access available through Drive’s overlay preview or a new browser tab.

Instead of switching between windows or scrubbing through videos, users can now save time by letting Gemini handle the heavy lifting.

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Copilot for Gaming now in testing on Xbox app for iOS and Android

Microsoft has begun rolling out the beta version of its new AI-powered tool, Copilot for Gaming, designed to enhance the gaming experience through personalised assistance. Available now in the Xbox app for iOS and Android, the feature lets users ask game-related questions and receive tailored responses based on their gaming history, achievements, and account data.

The AI assistant can provide tips to improve a gamer’s score, suggest games based on user preferences, and answer account-specific questions like subscription details or recent in-game milestones. It operates on a second screen to avoid disrupting gameplay and uses player activity and Bing search data to craft responses.

Initially available in English for players aged 18 and older, the beta spans over 50 countries, including the US, Canada, Brazil, Serbia, and Japan. Microsoft says more features are on the way, including personalised coaching and deeper in-game support, with plans to expand the rollout to additional regions in the future.

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Bitcoin’s future tied to political engagement, warns J.D. Vance

US Vice President J.D. Vance stressed the importance of political involvement for the crypto community during his speech at the Bitcoin 2025 conference in Las Vegas.

He warned policymakers may ignore Bitcoin without ongoing activism despite its growing importance.

Vance praised the crypto community’s impact and urged continued momentum after the 2024 elections. He stressed that political decisions will shape Bitcoin’s future, so the industry must stay engaged with policymakers.

Highlighting Bitcoin’s potential strategic value, Vance referenced the government-backed Bitcoin Reserve launched under former President Donald Trump.

The US stance contrasts with China’s rejection of Bitcoin. J.D. Vance said that America should deepen its commitment to the cryptocurrency to secure a competitive edge globally.

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Telegram partners with Musk’s xAI

Elon Musk’s AI company, xAI, is partnering with Telegram to bring its AI assistant, Grok, to the messaging platform’s more than one billion users.

Telegram founder Pavel Durov announced that Grok will be integrated into Telegram’s apps and distributed directly through the service.

Instead of a simple tech integration, the arrangement includes a significant financial deal. Telegram is set to receive $300 million in cash and equity from xAI, along with half of the revenue from any xAI subscriptions sold through the platform. The agreement is expected to last one year.

The move mirrors Meta’s recent rollout of AI features on WhatsApp, which drew criticism from users concerned about the changing nature of private messaging.

Analysts like Hanna Kahlert of Midia Research argue that users still prefer using social platforms to connect with friends, and that adding AI tools could erode trust and shift focus away from what made these apps popular in the first place.

The partnership also links two controversial tech figures. Durov was arrested in France in 2024 over allegations that Telegram failed to curb criminal activity, though he denies obstructing law enforcement.

Meanwhile, Musk has been pushing into AI development after falling out with OpenAI, and is using xAI to rival industry giants. In March, he valued xAI at $80 billion after acquiring X, formerly known as Twitter.

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The future of search: Personalised AI and the privacy crossroads

The rise of personalised AI is poised to radically reshape how we interact with technology, with search engines evolving into intelligent agents that not only retrieve information but also understand and act on our behalf. No longer just a list of links, search is merging into chatbots and AI agents that synthesise information from across the web to deliver tailored answers.

Google and OpenAI have already begun this shift, with services like AI Overview and ChatGPT Search leading a trend that analysts say could cut traditional search volume by 25% by 2026. That transformation is driven by the AI industry’s hunger for personal data.

To offer highly customised responses and assistance, AI systems require in-depth profiles of their users, encompassing everything from dietary preferences to political beliefs. The deeper the personalisation, the greater the privacy risks.

OpenAI, for example, envisions a ‘super assistant’ capable of managing nearly every aspect of your digital life, fed by detailed knowledge of your past interactions, habits, and preferences. Google and Meta are pursuing similar paths, with Mark Zuckerberg even imagining AI therapists and friends that recall your social context better than you do.

As these tools become more capable, they also grow more invasive. Wearable, always-on AI devices equipped with microphones and cameras are on the horizon, signalling an era of ambient data collection.

AI assistants won’t just help answer questions—they’ll book vacations, buy gifts, and even manage your calendar. But with these conveniences comes unprecedented access to our most intimate data, raising serious concerns over surveillance and manipulation.

Policymakers are struggling to keep up. Without a comprehensive federal privacy law, the US relies on a patchwork of state laws and limited federal oversight. Proposals to regulate data sharing, such as forcing Google to hand over user search histories to competitors like OpenAI and Meta, risk compounding the problem unless strict safeguards are enacted.

As AI becomes the new gatekeeper to the internet, regulators face a daunting task: enabling innovation while ensuring that the AI-powered future doesn’t come at the expense of our privacy.

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UK and EU strengthen maritime and cyber security

The UK and the EU have agreed to step up cooperation on cybersecurity as part of a wider defence and security pact.

The new framework, signed on 19 May, marks a major shift towards joint efforts in countering digital threats and hybrid warfare.

Instead of managing these challenges separately, the UK and EU will hold structured dialogues to address cyberattacks, disinformation campaigns, and other forms of foreign interference.

The deal outlines regular exchanges between national security officials, supported by thematic discussions focused on crisis response, infrastructure protection, and online misinformation.

A key aim is to boost resilience against hostile cyber activity by working together on detection, defence, and prevention strategies. The agreement encourages joint efforts to safeguard communication networks, protect energy grids, and strengthen public awareness against information manipulation.

The cooperation is expected to extend into coordinated drills and real-time threat sharing.

While the UK remains outside the EU’s political structure, the agreement positions it as a close cyber security partner.

Future plans include exploring deeper collaboration through EU defence projects and potentially forming a formal link with the European Defence Agency, ensuring that both sides can respond more effectively to emerging digital threats.

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Salesforce turns to Google Cloud in AI race

Salesforce has entered a multibillion-dollar agreement with Google Cloud, committing to spend at least US$2.5 billion over the next seven years.

The deal enables Salesforce products—including customer-management tools, Agentforce AI assistants, and Data Cloud services—to run directly on Google’s infrastructure.

The partnership reflects a broader effort by both companies to strengthen their position in the growing generative AI market.

While Microsoft currently dominates this space by offering AI services to a significant portion of Fortune 500 firms, Salesforce and Google are seeking to expand their reach in AI-powered productivity and customer experience solutions.

By deepening integration with Google Cloud, Salesforce aims to give its enterprise customers access to more scalable and efficient AI services. The collaboration positions both firms to compete more aggressively with Microsoft, particularly in AI-driven business software and cloud solutions.

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Ripple calls for legal test on digital asset classification

Ripple has urged US regulators to define when a digital asset should no longer be considered a security. In a new letter to the SEC’s Crypto Task Force, the firm responded to questions raised by Commissioner Hester Peirce on asset classification.

The move seeks greater clarity for market participants amid increasing regulatory scrutiny.

The company referenced its 2023 legal victory, where a court ruled XRP was not inherently a security. Ripple also cited a 2022 legal paper. The paper claims most fungible tokens on secondary markets lack ongoing obligations between buyers and issuers.

It proposed a two-part test to determine when a token becomes independent from its original investment contract.

Ripple says a crypto asset stays a security only if promises remain and holders have enforceable rights. It warned against vague standards like ‘sufficient decentralisation,’ backing clearer criteria such as trading history and absence of centralised control.

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Luxembourg marks crypto companies as high risk for money laundering

Luxembourg has classified virtual asset service providers (VASPs) as high-risk for money laundering in its 2025 National Risk Assessment.

The report highlights concerns about the crypto industry’s exposure to financial crime, citing factors such as transaction volumes, client reach, and international operations.

The assessment builds on 2020 and 2022 reports that flagged crypto risks linked to their internet-based and cross-border nature. Meanwhile, the European Union is advancing regulation with the MiCA framework to harmonise rules across member states.

Several crypto firms have recently secured licenses to operate within the EU. However, some, like Tether, resist new stablecoin regulations and were delisted on major platforms.

Money laundering using cryptocurrencies remains a challenge worldwide. The incidents highlight ongoing concerns about illicit activity in the growing crypto market.

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